Mapletree Sells Industrial Portfolio for $575M

In a $575 million deal, Mapletree Investments has sold a 4.4 million-square-foot industrial portfolio spanning 25 assets to EQT Real Estate. The transaction is expected to close this month and represents Mapletree’s fourth U.S. warehouse portfolio divestment in nine months. JLL represented the seller.

The properties are located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C.

All but one of the assets in the portfolio were held by Mapletree US and EU Logistics Private Trust, a private fund launched in 2019 with $4.3 billion in assets under management. One property was held under the Mapletree US Logistics Private Trust, which launched in 2021 with $3.3 billion in assets under management.

Two properties included in the sale are 34 Dauphin Drive in Mechanicsburg, Pa., a 180,000-square-foot warehouse, and 2721 White Horse Road in Greenville, S. C., a 500,000-square-foot property. Mapletree acquired those assets from Exeter Property Group in 2018 as part of a $2.4 billion portfolio transaction, Yardi Matrix data shows.

Over the past nine months, Mapletree’s industrial dispositions have totaled more than $1.2 billion. The deals include a July 2025 sale to EQT, which purchased a 2.4 million-square-foot portfolio from Mapletree for $241.2 million. Most of those assets are located in Sun Belt markets.

EQT’s most recent purchase comes as the company continues to grow its infill logistics footprint across the country. Earlier this year, through the EQT Real Estate Industrial Value Fund VI, the company purchased a 13-asset, 1.6 million-square-foot portfolio. Properties in the portfolio are located in Orlando, Jacksonville, Fla., Chicago, Greenville-Spartanburg, S.C., Houston, San Antonio and Indianapolis.

JLL Senior Managing Directors Trent Agnew and John Huguenard, along with Director Will McCormack, represented Mapletree in the latest portfolio sale to EQT.

Mapletree owns and manages more than 66 million square feet of industrial assets with 2.6 million square feet under development. The firm’s pipeline includes two Chicago-area industrial facilities, which are scheduled to open this summer.